Solitario has established itself as one of the leading junior exploration companies of the Americas with properties in Peru, Brazil, Mexico and Nevada. Our focus is on gold and silver, but we have advanced projects with gold, zinc, platinum-palladium, and lead. Solitario’s success has been fueled by its ability to identify large-potential early stage exploration properties and subsequently leverage these successes into partnerships with senior mining companies including Newmont, Anglo Platinum and Votorantim Metais. Our joint ventures are structured very similar to Net Profit Interest Royalties in which we are essentially financed through production to cash flow. In 2013, our partners will spend $11.5 million on our projects. With this business strategy we greatly reduce financial risk and minimize shareholder dilution, while continuing to build a deep pipeline of exploration projects. With completion of the Mt. Hamilton feasibility study in February 2012, Solitario is on track to become one of the newest U.S. gold producers. The Mt. Hamilton gold project in eastern Nevada is a development-stage project with operating cash costs of $535/oz. and an 8-year mine life averaging 54,000 ounces per year. Production is anticipated to begin in early 2015. Mt. Hamilton also has excellent potential to add additional resources to extend mine life. Our second most important asset is our Bongara zinc project in Peru that is joint ventured with Votorantim Metais, the fifth largest zinc producer in the world. Over $50 million has been spent on the property to date and a pre-feasibility study is anticipated in 2013. Importantly, Solitario is fully carried to production and will retain a 30% interest in the project.